Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
S&P China A 50 Index (CNY) (CME:SPC50)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPC50
The long term trend has been UP since Feb 11th, 2019 at 3005.50
The intermediate term trend has been UP since Dec 13th, 2019 at 3633.80
The short term trend has been DOWN since Jan 16th, 2020 at 3773.48
Smart Scan Analysis for SPC50
Based on a pre-defined weighted trend formula for chart analysis, SPC50 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3873.27||52wk High Date||2018-01-24|
|52wk Low||2781.22||52wk Low Date||2018-10-19|